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LatinNews Daily - 10 September 2020

In brief: Uncertainty over Brazil’s UK exports due to Brexit

* Brazil’s Confederação Nacional da Indústria (CNI), a private sector lobby, has warned that US$295.6m of annual exports to the United Kingdom (UK) are at risk due to 'Brexit', as the UK, European Union (EU) and Brazil must now renegotiate the tariff-free quotas previously established between Brazil and the EU. The CNI highlighted salted chicken, unrefined sugar cane, and processed poultry as the most vulnerable exports, as these are products for which the EU has already reduced its quotas – with the expectation that this reduction will be compensated by a new, separate stream of tariff-free exports to the UK. Carlos Eduardo Abijaodi, director of industrial development at the CNI, argued that such compensation was required under World Trade Organization (WTO) rules, stressing the importance of Brazil maintaining its trade flows with both the UK and the EU, while saying that “it is Brazil’s right” that its combined quotas for tariff-free exports to the UK and EU remain at least equal to current quotas, after the UK leaves the European single market. The UK has already announced lower tariffs on a number of Brazilian imports compared to the EU rate, which are due to come into force on 1 January 2021, but the issue of the UK’s tariff-free quotas has yet to be negotiated.

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